①The provisions of Articles 43 and 43-2 of the New Act apply to rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the New Act that a corporation uses for its business on or after the Effective Date, and the provisions then in force continue to govern rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the Former Act that a corporation used for its business before that date.

②The provisions then in force continue to govern amounts that a corporation prescribed in Article 50, paragraph (1) of the Former Act disbursed before the Effective Date for construction work prescribed in that paragraph.

③The provisions of Article 51-3 of the New Act apply to business conversion facilities prescribed in paragraph (1) of that Article that relate to a plan for which a corporation obtains the certification under Article 51-3, paragraph (1) of the New Act on or after the date listed in Article 1, item (iii) of the Supplementary Provisions.

④The provisions of Article 52-2 of the New Act apply to business operators' contributions prescribed in paragraph (1) of that Article that a corporation pays on or after the Effective Date.

①With regard to corporation tax for a business year of a corporation that began before the Effective Date and ends on or after that date, the provisions of Article 54 of the Former Act are to govern, with the phrase "until March 31, 1971" in paragraph (1) of that Article deemed to be replaced with "until the end of the business year that includes March 31, 1971".

②The provisions of Article 55 or Article 56 of the New Act apply where a corporation acquires specified shares, etc. prescribed in Article 55, paragraph (1) of the New Act or resource development shares, etc. prescribed in Article 56, paragraph (1) of the New Act on or after the Effective Date, and the provisions then in force continue to govern the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or petroleum development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act before that date; provided, however, that in this case, the provisions of Article 55, paragraphs (5) and (11) and Article 56, paragraph (10) of the New Act also govern.

③Necessary matters concerning the treatment of the amounts of those reserves in the case where a specified corporation prescribed in Article 55, paragraph (1) of the Former Act or a petroleum development corporation prescribed in Article 56, paragraph (1) of the Former Act that has issued specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or petroleum development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act, which the provisions then in force continue to govern pursuant to the provisions of the preceding paragraph, has issued specified shares, etc. prescribed in Article 55, paragraph (1) of the New Act or resource development shares, etc. prescribed in Article 56, paragraph (1) of the New Act on or after the Effective Date, and a corporation that holds a reserve for overseas investment losses relating to the specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or a reserve for petroleum development investment losses relating to the petroleum development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act holds a reserve for overseas investment losses or a reserve for resource development investment losses pursuant to the provisions of Article 55, paragraph (1) or Article 56, paragraph (1) of the New Act, are specified by Cabinet Order.

The provisions of Article 58 of the New Act apply to revenue prescribed in paragraphs (1) and (2) of that Article on or after the Effective Date, and the provisions then in force continue to govern revenue prescribed in Article 58, paragraphs (1) and (2) of the Former Act before that date.

①The provisions of Article 64, paragraph (1), item (iii)-3 and paragraph (2), item (ii), Article 65-2, paragraph (3), item (i), and Article 65-4, paragraph (1), items (ii) and (iii) of the New Act apply to corporation tax on the transfer of assets falling under those provisions (including an act deemed to be a transfer by expropriation, etc. pursuant to the provisions of Article 64, paragraph (2) of the New Act) that a corporation carries out on or after the Effective Date, and the provisions then in force continue to govern corporation tax on the transfer of those assets that a corporation carried out before that date.

②The provisions of item (ii) or item (iv) of the table in Article 65-6, paragraph (1) of the New Act apply to corporation tax on the transfer of assets falling under those provisions that a corporation carries out on or after the date on which the Act Partially Amending the Air Pollution Control Act or the Water Pollution Prevention Act, respectively, comes into effect, and the provisions then in force continue to govern corporation tax on the transfer of those assets that a corporation carried out before the date on which those Acts came into effect.

The provisions of Article 66-2, paragraph (1), item (i) and Article 66-4, paragraph (1), item (i) and paragraph (2) of the New Act apply to corporation tax in the case where a corporation has carried out a merger or made a capital contribution relating to an approval prescribed in those provisions that was given on or after the Effective Date, and the provisions then in force continue to govern corporation tax in the case where a merger was carried out or a capital contribution made relating to an approval prescribed in Article 66-2, paragraph (1), item (i) or Article 66-4, paragraph (1), item (i) of the Former Act that was given before that date.

The provisions of Article 67-4 of the New Act apply to grants, etc. prescribed in paragraph (1) of that Article that are delivered to a corporation (including payment under that paragraph) on or after January 1, 1971.

The provisions of Article 70-2 of the New Act apply to inheritance tax on property acquired by inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article) on or after January 1, 1971, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.

①The provisions of Article 72, paragraph (2) of the New Act apply to registration and license tax on the registration of preservation of ownership of a house used as a dwelling prescribed in that paragraph that is newly built on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on that registration of such a house that was newly built before that date.

②The provisions of Article 76, paragraph (1) of the New Act apply to registration and license tax on registration prescribed in that paragraph that is obtained on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on such registration obtained before that date.

③The provisions of Article 79 of the New Act apply to registration and license tax on the registration of preservation of ownership of, or the registration of the creation of a mortgage on, a vessel prescribed in paragraph (1) of that Article that is newly built on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on such registration of such a vessel that was newly built before that date.

④The provisions then in force continue to govern registration and license tax on registration of the matters listed in the items of Article 81 of the Former Act relating to an approval under the provisions of Article 12-2, paragraph (1) of the Former Act on Temporary Measures for the Promotion of the Machinery Industry (Act No. 154 of 1956), where the registration is obtained within one year from the date of that approval.

①The provisions then in force continue to govern commodity tax and sugar excise tax that was imposed, or that should have been imposed, before the Effective Date.

②The provisions then in force continue to govern the application of penal provisions to acts committed before the Effective Date and to acts committed on or after that date with respect to sugar excise tax that the provisions then in force continue to govern pursuant to the provisions of the preceding paragraph.

Beyond what is provided for in each of the preceding Articles, transitional measures necessary for the enforcement of this Act are specified by Cabinet Order.

①The provisions of Article 4, paragraph (4) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation, as amended by the provisions of the preceding Article, apply to income tax for 1971 and subsequent years, and the provisions then in force continue to govern income tax for 1970 and prior years.

②The provisions of Article 11, paragraph (8) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation, as amended by the provisions of the preceding Article, apply to corporation tax for business years of corporations beginning on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of corporations that began before that date.